Banks Don't Want Your Money
Neighborhood Money
English - May 02, 2022 15:00 - 38 minutes - 26.7 MB - ★★★★★ - 25 ratingsInvesting Business Education Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
The current state of the economy is terrible for savers…high inflation coupled with low rates. Drew and Cavan talk about the current state of the economy and give their thoughts on what you could do if you consider yourself a conservative saver.
Welcome neighbors!
Article:
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***** Episode breakdown *****
0:00 - Intro
2:13 - Sorry Savers, Banks Don’t Want Your Money
4:47 - How bank interest, CDs and money markets work
8:37 -What this means for the average saver
12:48 - 4 options to beat the banks
13:10 - Index Funds
15:54 - REITs
18:55 - iBonds
20:58 - Crypto / Bitcoin
23:03 - Key Takeaways
28:13 - What’s Going On In The Neighborhood
37:58 - Outro
Our Recommendations:
Cavan: The Little Book of Common Sense Investing
https://amzn.to/3w0rQkP
Drew: Rich Dad Poor Dad
https://amzn.to/3MKCa7b
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The Neighborhood Money Podcast is two friends talking about money on a weekly basis, nothing more. Anything said during the podcast is either Drew or Cavan's opinion and should not be taken as financial advice. This show is for educational and entertainment purposes only.